Renaissance Gold Inc. (TSX: REN) (“RenGold”) reports financial
results for the year ended June 30, 2012. Details of the Company’s
financial results are described in the annual audited consolidated
financial statements (the “Financial Report’) and corresponding
management discussion and analysis for the same period. These and
further details on each of RenGold’s projects and activities can be
found on the Company’s website at www.rengold.com
and on the Company’s profile on www.sedar.com.
All amounts presented are in Canadian dollars unless otherwise stated.

Selected financial data

The following selected financial data is derived from the Financial
Report as prepared in accordance with International Financial Reporting
Standards.

The consolidated net loss for the year ended June 30, 2012, was
$3,951,607 (2011- $5,258,239).

Working capital at June 30, 2012 was $7,359,029 of which $7,443,385 is
cash. There are no long-term liabilities.

Total assets at June 30, 2012, are $8,889,021 of which $7,773,809 are
current assets and $1,115,212 are exploration and evaluation assets,
property plant and equipment and reclamation bonds.

Operations

RenGold is an exploration stage business engaged in the acquisition and
exploration of mineral properties located in the USA, Argentina and
Spain. RenGold’s business model is to identify and secure mineral
resource properties for which it seeks suitable joint venture partners.
Once partners are found, an exploration and option to earn-in agreement
is entered into on the property so that the earn-in partner will conduct
and fund exploration on that property to earn an interest.

RenGold currently has 14 properties under exploration earn-in agreements:

RenGold’s current portfolio of precious metal exploration targets is
located in Nevada/Utah, Argentina and Spain. Many of these projects are
in earn-in agreements with different industry partners providing funding
for exploration activities. The details of the Company’s expenditures on
these activities, both before and after recoveries from funding
partners, are found in the Financial Report. The highlights of activity
by RenGold and its funding partners on its exploration properties during
the year ended June 30, 2012 and to September 26, 2012, follow in
alphabetical order.

Nevada projects with funding partners:

Big Gossan

The Company acquired the Big Gossan copper property, located at the
southern end of the Sahwave Mountains on the common boundary of
Pershing and Churchill Counties about 28 miles northeast of Fernley,
Nevada in 2012. Proprietary processing of satellite data yielded a
strong anomaly coincident with a 1.2 by 0.4 kilometer area of strong
gossan developed in quartz-sericite altered granite and phyllitic
country rock. An aeromagnetic low encloses the area of gossanous
outcrops. Nearby prospects exposing copper oxide minerals,
molybdenum, and scheelite indicate potential for porphyry or skarn
base metal deposits. Plans are in-place for mapping and rock chip
sampling supported by soil grid sampling and detailed aeromagnetic
surveys.

On June 11, 2012, RenGold announced it had reached its second
agreement with Summit Mining Exploration II, Inc., (“Summit II”) a
subsidiary of Sumitomo. Summit II is required to spend a minimum of
US$570,000 within the first agreement year and to maintain the
option must spend a minimum of US$500,000 per year thereafter. A
bankable feasibility study must be completed by year eight to vest
70% in the Big Gossan copper project.

Lynx / RenGold deal

As announced on February 29, 2012, the Company executed three
earn-in agreements with Lynx Resources (US) Inc. a private Nevada
corporation. All three agreements on the Leonid, Pasco Canyon and
Gold Star with Lynx are similar with variable rates of spending to a
cumulative $1,000,000 by the fourth anniversary of the agreement
year on each project to earn a 70% interest. To retain its 70%
interest in each project Lynx must expend a minimum of $500,000 a
year and complete a bankable feasibility study by agreement year
seven. If the bankable feasibility study has not been completed by
year seven and Lynx wishes to maintain the option then the required
annual expenditure will be increased to a minimum of $1,000,000 per
year and Lynx will pay RenGold $100,000 per year on each property.
In the event that Lynx terminates the agreement prior to completing
a bankable feasibility study it will sell back any interest earned
to RenGold for $1.00. Lynx will be the operator.

Leonid

The Leonid Project in western Elko and northern Eureka counties is a
Carlin-style target with a similar structural setting and
stratigraphy to the Rain deposit and the evolving Railroad project,
where Gold Standard Ventures recently announced successful drilling
results. Mapping and sampling has been completed. A detailed gravity
survey over the entire project area is complete. Lynx will use this
data in conjunction with the surface geochemical data to design an
initial drill program.

Pasco Canyon

The Pasco Canyon Project is in Northern Nye county and sits between
Round Mountain (20 M. Oz.) and Northumberland (7 M. Oz.). It is on
the opposite edge of the Mount Jefferson Caldera related to the new
Gold Hill Deposit (2 M. Oz.), which lies in a similar setting. This
project is on Forest Service ground but is permitted, bonded, and
Lynx completed a two hole diamond drill program before both the
Company and Lynx agreed to terminate the agreement and to drop the
Pasco Canyon project.

Gold Star

The Gold Star Project is in the middle of Pershing County and
includes tourmalinized quartz veins and aplite cutting a Cretaceous
granodiorite stock similar to the Spring Valley deposit across the
valley to the east. Numerous high grade veins were mined
historically, but there has been no modern drilling. Lynx is
currently mapping the property and a detailed ground magnetic survey
is complete. Two reverse circulation drill holes were recently
completed on a single patented claim in September 2012. Assays are
pending.

Reef

On March 1, 2012, RenGold announced results of drilling at the Reef
project in southwest White Pine County, Nevada located immediately
south of and adjacent to Midway Gold Corp.’s Pan gold deposit. In
late 2011, five widely spaced reverse circulation drill holes (in
most cases a kilometer apart) totaling 4,210 feet, were drilled to
test for inferred structures in the eastern portion of the property.
Deeper than expected alluvium and/or late volcanic rocks suggests
the target horizon was eroded in most holes, although weakly
anomalous gold, up to 35 ppb, was reported in bedrock from holes
RF-11-3 and 4. A new geological model will be produced incorporating
the latest drilling. Additional work is being recommended and will
focus on sampling and geological mapping in the vicinity of newly
discovered jasperoid mineralization returning elevated (78 ppb gold)
values, and where sufficient room exists to host significant volumes
of mineralization.

Rose Mine

On January 18, 2012, RenGold announced the assay results from
reverse circulation drilling completed by Navaho Gold on the Rose
Mine gold exploration project located 8 miles (13 km) southwest of
the 2.23 MM ounce Archimedes Deposit operated by Barrick Gold
Corporation in the Eureka Mining District. Navaho completed 10
reverse circulation holes totalling 4,960 feet (1,512 meters) and 3
holes intersected anomalous gold mineralization exceeding 0.05
grams. The drilling tested geophysical and soil geochemistry targets
on the covered pediment of the basin east and north of the original
Rose Mine target area. The area of the historic Rose Mine, where
numerous multi-ounce silver bearing jasperoids in outcrop, was not
tested. Navaho Gold is ahead of their work commitment and is
considering a second round of drilling in 2013, which could include
the main part of the known silver mineralization and nearby areas of
gold anomalism.

Spruce Mountain

On April 26, 2012, RenGold announced anomalous drill results from
the Spruce Mountain Project located in southern Elko County, Nevada
southwest of the nearby, evolving Pequop Gold District.
Reverse-circulation drilling totaling 8,711 feet (2,655.1 meters) in
11 holes, completed preliminary tests of seven target areas located
along the western slope and piedmont of the Spruce Mountain upland,
the site of recurrent silver and base metal production circa 1870
through 1950. The most notable hole, RSM-07, intersected 50 feet
averaging 217 ppb gold from a depth of 280 to 330 feet. RSM-07
intersected mineralization spanning the unconformable contact of the
calcareous Pilot Shale and the underlying limestone of the Guilmette
Formation. This intercept lies about 2,000 feet (600 meters) north
of a cluster of gold intercepts obtained in six reverse-circulation
drill holes in 1985 by Santa Fe Mining Inc. (Santa Fe). RSM-07,
also, intersected 10 feet (3 meters) of 4.4% zinc in Joanna
Limestone. In addition RSM-02 intersected 80 feet (24 meters) of
0.23% Zn and RSM-03 intersected 50 feet (15 meters) of 0.35% Zn. The
spacing of the new and historic holes is too broad to allow a
reliable estimate of true thickness of the gold and zinc intercepts.

Three additional holes intersected thin gold anomalies. RSM-10,
located about one kilometer north of RSM-07 intersected 282 ppb gold
in a 5 foot (1.5 meter) sample at 715 feet down-hole within a 45
foot interval of 100 to 200 ppm arsenic spanning the Pilot
Shale/Guilmette Formation contact. Although the true thickness of
the interval is unknown, it presents an opportunity for further
exploration drilling. Other weak gold intercepts occur in holes
RSM-08 and RSM-11 and range from 109 to 218 ppb gold over 10 to 20
feet (3 to 6 meters). These holes test a low-lying exposure of
limestone and jasperoid underlying the pediment about 1.5 kilometers
southwest of RSM-07. The spacing of the drill holes is insufficient
to support estimates of the true thicknesses of these intercepts.
All but one of the remaining drill holes intersected intervals of
strong alteration with weak analytical results. These and the
mineralized holes are guiding the selection of targets for the
second phase program comprising reverse-circulation, mud rotary and
core drilling which is now underway.

Trinity Silver

On July 11, 2012, RenGold announced the results of phase one
drilling on the Trinity Silver project located northwest of
Lovelock, Nevada. Eighteen vertical reverse circulation drill holes
were completed to depths of up to 1500 feet. All holes had
reportable intercepts with a minimum criteria of 10 feet of 0.5 opt
Ag. This drilling program included the initial holes designed to
upgrade and expand the NI 43-101 compliant resource in the immediate
pit area released in the technical report date February 15, 2011.
The program also included significant step-out tests that indicate
the potential for expansion of the economic mineralization,
particularly to the south and west where the main mineralization
located to date is plunging to the SW.

Liberty has announced that they have engaged an independent
consultant to undertake a scoping study for silver production on the
Trinity Silver property. The second phase of Liberty’s 2012 drill
program is being planned.

On August 8, 2012, Liberty announced that it has purchased the Hi Ho
properties comprising approximately 100 acres located adjacent to
the Trinity Silver property. The Hi Ho properties were purchased in
the name of RenGold and will form part of the greater Trinity Silver
property that Liberty is earning an interest in from RenGold. The Hi
Ho Properties are an important addition to the future development
plans at Trinity. Historic data, combined with current modeling
indicates that the Trinity deposit extends into the Hi Ho
Properties, significantly increasing the current resource potential
and the projected economics for bringing Trinity back into
production.

Wood Hills South

On February 6, 2012, RenGold announced assay results for the first
ten holes of a planned twenty hole reverse circulation
reconnaissance drilling program conducted by NuLegacy on the 100 sq
km Wood Hills South gold project, Elko County, Nevada. The most
significant result was in hole WHS11-007 which intersected an
oxidized 10.7 meter (35feet) interval from 83.8 to 94.5 meters down
hole that averaged 0.40 g/t (0.013 opt) gold within an approximately
60 meters (197 feet) zone of anomalous Carlin-style pathfinder
elements and gold.

On April 26, 2012, RenGold announced assay results for the second 10
holes drilled, aggregating 1,656.6 meters (5,435 feet) on widely
spaced select geophysical and geochemical anomalies. Analyses have
been received and several gold anomalies were identified including
one gold anomaly 1,500 feet (460m) west of WHS11-007. The results
from the recent drilling combined with the newly obtained gravity
survey and the induced polarization/resistivity and soil
geochemistry surveys point to several areas with the potential of
hosting significant gold mineralization that will be targeted in the
next round of drilling.

This drilling is very significant in that it is similar to the
mineralization in the adjacent Pequop Gold District. RenGold staked
this project based on targeting regional magnetic data that defines
the extent and orientation of Eocene aged intrusives responsible, in
part, for the distribution of mineralization in the Pequop Gold
District. The drilling results suggest that the Pequop Gold District
could grow to the southwest into the Woods Hills South property
given how small the footprint of the current gold resources reported
at West Pequop and Long Canyon are, compared to most other
Carlin-style gold districts in Nevada.

Utah:

Wildcat

Newmont Mining has the right to earn a 70% interest in the Wildcat
property. Newmont has commenced a 10,000 foot reverse-circulation
drill program that is expected to be completed by the end of
September. The targets are high-grade gold-bearing jasperoids with
high-grade values at the surface. The gold targets are in favorable
Cambrian to Ordovician carbonate stratigraphy.

Argentina:

Atala deal

On March 16, 2012, RenGold signed an exploration earn-in letter of
intent with Atala Resource Corporation, a Canadian corporation; on
each of the Covadonga and Meridiano projects in Argentina. The
parties are preparing a definitive agreement to replace the letter
of intent on the same terms for each property. Atala will have the
right to earn a 70% interest in the property by funding a bankable
feasibility study within seven years with minimum expenditure levels
required each year. That right may be extended for another five
years by paying RenGold $100,000 and spending a minimum of
$1,000,000 in additional work per year. In addition Atala paid
RenGold $12,500 on signing the letter of intent and Atala will pay
RenGold $12,500 on signing the two definitive agreements and
providing one or both agreements are in effect, Atala will make
payments to RenGold of $50,000 on the first anniversary, $75,000 on
the second anniversary and $250,000 on the sixth anniversary of the
agreements. Atala will be responsible for payment of the underlying
lease to Davincino during the term of the agreements.

Covadonga

The Cerro Covadonga project is located approximately 33 Km north of
Cerro Vanguardia in the Deseado Massif of Santa Cruz Province. The
project is centered around an area of NNW-striking, sub-vertical,
low sulfidation, epithermal veins and structural zones with
multi-gram gold grades on the surface and a high level geochemical
signature.

Meridiano

The Meridiano project is located approximately 40 Km NNW of Cerro
Vanguardia in the Deseado Massif of Santa Cruz Province. The project
contains numerous gold bearing structures hosted in a pyroclastic
vent breccia. Geochemistry reveals the epithermal system to be
largely of a high level. Reverse circulation and diamond drilling
along with IP and ground magnetic surveys point to a diatreme model
with sub surface targets near the diatreme contacts.

El Monte

The El Monte project is located in Santa Cruz Province, Argentina
and is being funded by Agnico-Eagle. Rengold conducted 4,000 meters
of trenching, a soil orientation survey, rock chip sampling, mapping
and geophysics on a gold and silver bearing epithermal vein and
breccias system at the El Monte project. Data are being received and
compiled in preparation for an initial drill program.

Gertrudis

The Gertrudis Project, located in the northern portion of Santa Cruz
province, contains multiple veins in structural corridors within an
andesitic dike complex. The prospect was initially identified using
Thematic Mapper satellite imagery that was processed by RenGold.
Detailed surface sampling and geologic mapping have been conducted
to define drill targets that are planned to be tested once
appropriate permits have been granted. The Gertrudis project is
being funded by Agnico-Eagle.

Properties being prepared for joint venture

During the year ended June 30, 2012, and up to the date of this MD&A,
RenGold conducted reconnaissance exploration programs to prepare these
projects for joint venture.

Arabia

The Arabia project is located in Pershing County in the Arabia
Mining District in the foothills of the Trinity Mountains, 20 miles
north of Lovelock, Nevada. The Arabia District contains numerous
occurrences of high-grade, poly-metallic, mesothermal gold and
silver-rich deposits in a fractured granodiorite intrusive and
metasedimentary rock. Targets include replacement deposits, fissure
veins, sheeted veins and vein stockwork at or proximal to contact
zones beneath impermeable metasedimentary caprock. Detailed geologic
mapping and directed structural mapping to locate mineralized shoots
has generated several drill targets. Results are pending on a
RenGold funded trenching program to further quantify persistent gold
and silver numbers at surface.

Broken Hills

The Broken Hills Project is a silver dominant property located about
50 miles SE of Fallon in Mineral and Nye Counties Nevada within the
Walker Lane mineral belt and contains multi-ounce silver and some
gold. During due diligence by Renaissance a surface sample of a half
meter wide breccia vein assayed 250.3 parts per million silver, 141
parts per billion gold and 1.24% lead. This is in an area of old
workings following a well mineralized broad structural zone covered
in part by post mineral volcanics. There has been no modern
exploration conducted on the property. RenGold has now conducted a
geologic mapping and rock-chip sampling program and has developed
target concepts.

Black Canyon

The Black Canyon project is located on the west side of the northern
West Humboldt Range above the Florida Canyon Mine in Pershing
County, Nevada. The property contains several swarms of gold-bearing
mesothermal quartz veins that present promising vein intersection
drill targets. The veins supported high-grade gold production from
numerous historic small underground mines. The veins occur mainly in
rhyolite tuffs, flows, breccias, and conglomerates of the Permian
Rochester Rhyolite, known to be a host for the evolving gold deposit
of Barrick Gold and Midway Gold at the Spring Valley property, 15
miles to the south. RenGold has filed and received permitting to
re-open the drill road and prepare two drill sites.

Buffalo Canyon

On March 26, 2012, RenGold announced completion of drilling at its
Buffalo Canyon gold exploration project, northwestern Nye County,
Nevada. The drilling program was funded by Eldorado Gold Corp. It
included 14 reverse circulation drill holes totaling 9,909 feet and
4 diamond core holes totaling 2,324.2 feet. A number of intervals
are noteworthy on this target rich project area including gold
intervals of 50 feet of 0.012 opt, 35 feet of 0.018 opt, 25 feet of
0.015 opt, 15 feet of 0.055 opt, and others as reported in the March
26, 2012 press release. These are considered significant intercepts
for a first round of drilling. Multiple targets with up to half
ounce gold in rock chip samples at surface remain to be drilled.
Extensive drill roads allow access to permitted new targets and
follow-up on remaining targets. Buffalo Canyon is a big area with
many targets and the likelihood of finding significantly higher
grades is strong. RenGold will be continuing to work on what it is
believed are multiple systems of gold on the same property. The
targets include intrusion related veins, breccias, stockworks and
skarn associated with a tourmaline-bearing granodiorite. In
addition, there are Carlin-like jasperoids with multi-gram gold at
surface. Eldorado is focussing its efforts elsewhere and
subsequently terminated its September 15, 2008, earn-in agreement
with RenGold. In early September, the Company acquired adjoining
claims that the previous owner allowed to lapse with large volumes
of drilled low grade gold mineralization. The combined property
offers a significant opportunity. RenGold will seek a new partner to
continue with funding exploration of the project.

Holly Gold

The Holly Gold project is a newly acquired property located in the
eastern part of the Antelope Springs Mining District in the southern
part of the West Humboldt Range in Pershing County, Nevada. It is an
epithermal gold, antimony and mercury exploration target located in
a district with past production and historic drilling with
meaningful grade. There are multiple target types including
breccia-hosted, stockwork and disseminated gold. Known host rocks
and a major thrust provide additional targets at shallow depths.

Sundance

The Sundance property is a newly acquired property located in the
Wassuk Range about eight miles southwest of Hawthorne in Mineral
County, Nevada. Gold with lesser silver values occurs in a set of
southwest-dipping brecciated mesothermal quartz veins in a granitic
host rock. Incomplete records of historic production between 1878
and 1936 indicate that several veins yielded a modest tonnage of
high-grade ore. Initial mapping and sampling of the veins and
adjoining wall rock to define drill targets will begin in the summer
of 2012.

All technical data disclosed in this press release, including sampling,
analytical and test data, have been reviewed by the Company’s qualified
person Mr. Eric M. Struhsacker, M.Sc., and Certified Professional
Geologist as recognized by the American Institute of Professional
Geologists.

Renaissance Gold Inc.

Renaissance Gold Inc. is a gold/silver exploration company that has a
large portfolio of exploration projects in Nevada, Utah, Argentina and
Spain. Many of the projects are in exploration earn-in agreements with
industry partners who provide exploration funding. RenGold applies the
extensive exploration experience and high-end technical skills of its
founders and team members to search for and acquire new precious metal
exploration projects that are then offered for joint venture.

Renaissance Gold Inc.

By: Richard L. Bedell, President and CEO

This news release contains certain statements that may be deemed
“forward-looking” statements. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words “expects”, “plans”, “anticipates”, “believes”,
“intends”, “estimates”, “projects”, “potential” and similar expressions,
or that events or conditions “will”, “would”, “may”, “could” or “should”
occur.Although Renaissance Gold Inc. believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs,
estimates and opinions of Renaissance Gold Inc’s management on the date
the statements are made. Except as required by law, Renaissance Gold
Inc. undertakes no obligation to update these forward-looking statements
in the event that management’s beliefs, estimates or opinions, or other
factors, should change.